dollar drop

 
 

Euro nears four-week highs as yuan strength boosts risk sentiment

LONDON, July 9 — The Chinese yuan rebounded and the euro rose to its highest since June 14 today as investors bought riskier assets following favourable US jobs data last week and evidence that global trade tension has not yet slowed economic…


Goldman says buy commodities as clock ticks toward trade war

SINGAPORE, July 5 — Commodity bull Goldman Sachs Group Inc has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly…


Nikkei drops as large caps, defensive stocks weigh; Sharp tumbles

TOKYO, June 25 — Japan’s Nikkei share average dropped today morning in choppy trade as sellers targeted large caps including Fast Retailing and SoftBank as well as defensive stocks, while miners rallied after oil prices jumped on Friday. Sharp…


Dollar at 10-month high against euro as ‘Quitaly’ fears rise

NEW YORK, May 29 — The dollar rose today to a 10-month high against the euro after a sell-off in Italy’s debt market drove investors to dump the single currency. A deepening political crisis in Italy, the euro zone’s third-biggest economy,…


Asia stocks steady, yen firm as markets await US payrolls

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SINGAPORE (May 4): Asian shares were steady while the Japanese yen held onto overnight gains in early trading on Friday as financial markets turned their attention to the looming U.S. payrolls data for fresh catalysts. Investors were cautious after a largely weak performance on Wall Street overnight as some disappointing earnings reports offset strong economic data, while bond yields slid after a surprising slowdown in euro zone inflation. The U.S. dollar weakened during what was a choppy session a day after the Federal Reserve ended a policy meeting with noRead More


Hong Kong intervenes to buy local currency, first time since 2005

HONG KONG, April 13 — The Hong Kong Monetary Authority bought the local currency for the first time since the current trading band was imposed in 2005, after the exchange rate sank to the weak end of its permitted range. The de facto central…


Asia shares cheered by trade hopes, US dollar downcast

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SYDNEY, March 27 — Asian share markets rallied today as reports of behind-the-scenes talks between the United States and China rekindled hopes a damaging trade war could be averted, in turn sapping the strength of the US dollar and yen. Taking…


Nikkei produces solid rise despite strong yen; financials higher

TOKYO, Feb 15 — Japan’s Nikkei share average rose significantly today morning as investors bought back recently-battered stocks after US markets climbed overnight, shrugging off stronger-than-expected inflation data. The Nikkei advanced 1.6…


Dollar hits 15-month low vs yen, some see further slide

SINGAPORE, Feb 15 — The dollar extended its losses against the yen and hit a fresh 15-month low today, with market participants bracing for further near-term weakness in the US currency. The dollar dropped below yesterday’s nadir of…


Wall Street slips after report China may slow US bond purchases

NEW YORK, January 10 — Wall Street’s major indexes slipped today, stalling the rally that marked the start of 2018, after a report that China is considering slowing or halting purchases of US government debt. Apple, Microsoft and Amazon were…